Investors have poured more money into US equity funds this week than at any time since the 2008 financial crisis, with the value of the benchmark S&P 500 index soaring to a record $15tn….
Some $19.7bn was invested in global equity funds in the past week, the most for six months, while $700m was pulled from bond funds, according to Bank of America Merrill Lynch citing EPFR figures. The amount put in US equity funds was the most since June 2008, the bank said.
Read it all (another link there if needed).
Hmmm, maybe that means it’s time to sell, as 1999 and 2008 show how so many of us investors have a terrible habit of buying high and selling low! When the crowd starts to buy, it’s usually time to sell.